Guideline Value for Kurinchi Poo Street

Kurinchi Poo Street guideline value

The current guideline value of Kurinchi Poo Street is Rs 300 per sq.ft, effective from 1 July 2024. This street is located in Ponthoor village and falls under the Sriperumpudur SRO. It is classified as Residential Class III Type - I.

How the guideline value of Kurinchi Poo Street has changed

In the 2012 revision, the guideline value was Rs 300 per sq.ft, which remained unchanged in the subsequent revisions of 2017 and 2023. The 2017 revision saw a decrease to Rs 201 per sq.ft, followed by a 49% increase to Rs 300 per sq.ft in 2023. The 2024 revision maintained this figure, showing no change from the previous year.

It is important to note that the register has no figures for Kurinchi Poo Street in the revisions of 2002, 2003, and 2007. Overall, from 2012 to 2024, the guideline value has remained constant at Rs 300 per sq.ft.

Guideline values in Ponthoor

Ponthoor village has 79 streets under the Sriperumpudur SRO, with guideline values ranging from Rs 200 to Rs 2,239 per sq.ft. The median guideline value is Rs 300 per sq.ft, which is the same as the current value for Kurinchi Poo Street.

• Kuvalai Poo Street: Rs 300 per sq.ft (2024)
• Lakshmi Nagar: Rs 402 per sq.ft (2024)
• Magilam poo street: Rs 300 per sq.ft (2024)
• Konrai Poo Street: Rs 300 per sq.ft (2024)
• Malligai Poo Street: Rs 300 per sq.ft (2024)
• Karuvilam Poo street: Rs 300 per sq.ft (2024)

Stamp duty and registration fee for property in Kurinchi Poo Street

For a 1,000 sq.ft plot at the current guideline value of Rs 300 per sq.ft, the total guideline value amounts to Rs 3,00,000. The stamp duty at 7% would be Rs 21,000, and the registration fee at 2% would be Rs 6,000, bringing the total fees to Rs 27,000. Duty is charged on the guideline value or the sale price, whichever is higher. For more details, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Kurinchi Poo Street?

The Sub Registrar Office that covers Kurinchi Poo Street is the Sriperumpudur Sub Registrar Office, located at 27, Chetty Street, Sriperumpudur-602 105, Chengalpattu registration zone. You can find your SRO for more information.

How the guideline value is used when you buy or sell in Ponthoor

The guideline value plays a crucial role during the registration of property transactions in Ponthoor. It is used to determine the stamp duty and registration fees that must be paid, ensuring that these costs are based on a standardized valuation.

When buying or selling property, the guideline value helps in assessing the official value of the property, which is essential for legal documentation and compliance with local regulations. This ensures transparency and fairness in property transactions.

Frequently asked questions

What is the current guideline value of Kurinchi Poo Street?

The current guideline value of Kurinchi Poo Street is Rs 300 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has remained at Rs 300 per sq.ft from 2012 to 2024, with a decrease to Rs 201 per sq.ft in 2017 and an increase back to Rs 300 per sq.ft in 2023.

What are the other streets in Ponthoor with similar guideline values?

Other streets in Ponthoor with a guideline value of Rs 300 per sq.ft include Kuvalai Poo Street, Magilam poo street, Konrai Poo Street, Malligai Poo Street, and Karuvilam Poo street.

Where can I find the Sub Registrar Office for Kurinchi Poo Street?

The Sub Registrar Office for Kurinchi Poo Street is the Sriperumpudur Sub Registrar Office located at 27, Chetty Street, Sriperumpudur-602 105, Chengalpattu registration zone.

How is stamp duty calculated for properties in Ponthoor?

Stamp duty is calculated based on the higher of the guideline value or the sale price of the property. For example, if the guideline value is Rs 3,00,000, the stamp duty at 7% would be Rs 21,000.